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The choice between rebalancing and living off the future - speech by Martin Weale
In a speech delivered at a lunch hosted by the Doncaster Chamber of Commerce, Martin Weale – External member of the Monetary Policy Committee (MPC) – reviews the current economic outlook and how the MPC might respond if inflation drops too far below its target in the future.
Published on
25 August 2011
He then focuses on the longer-term question of how much the United Kingdom can afford to spend and argues that we are saving too little: either we must rebalance the economy or live at the expense of future generations.
Press release